earnings
confidence high
sentiment neutral
materiality 0.85
Dragonfly Energy Holdings Corp. (DFLI): auditor change — Dragonfly Energy Q4 net sales up 17% to $12.2M, net loss $9.8M; debt restructured, Q1 rev guidance ~$13.3M
Dragonfly Energy Holdings Corp.
- Q4 net sales $12.2M (+17% YoY), driven by 61% OEM growth; full-year sales $50.6M (-21%).
- Q4 net loss $9.8M vs net income $3.3M a year ago; full-year net loss $40.6M vs $13.8M.
- Debt restructured with lenders (covenant relief, maturity extension); additional capital from strategic investor.
- Marcum resigns as auditor; CBIZ engaged as new independent registered public accounting firm for FY2025.
- Q1 2025 guidance: net sales ~$13.3M, Adjusted EBITDA ~($3.8M); target positive Adjusted EBITDA by Q4 2025.